Price for Vegetable Saps and Extracts; of Hops in Austria - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Austria (CIF) - 2022
2. Price for Vegetable Saps and Extracts; of Hops in Austria (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Austria
4. Exports of Vegetable Saps and Extracts; of Hops in Austria

Price for Vegetable Saps and Extracts; of Hops in Austria (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $11,496 per ton, shrinking by -49.4% against the previous year. Over the period under review, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 46%. As a result, import price attained the peak level of $22,712 per ton, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($75,432 per ton), while the price for Germany totaled $11,455 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.7%).

Price for Vegetable Saps and Extracts; of Hops in Austria (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $55,880 per ton, jumping by 228% against the previous year. Overall, the export price showed a significant increase. The growth pace was the most rapid in 2014 an increase of 344%. The export price peaked at $77,478 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($93,760 per ton), while the average price for exports to Italy ($16,762 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+20.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; of Hops in Austria

In 2022, imports of vegetable saps and extracts; of hopses into Austria stood at 154 tons, approximately reflecting 2021 figures. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of 173 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vegetable saps and extracts; of hopses dropped rapidly to $1.8M in 2022. In general, imports, however, faced a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of $3.5M, and then fell remarkably in the following year.

Top Suppliers of Vegetable Saps and Extracts; of Hops to Austria in 2022:

1. Germany (153.3 tons)

Exports of Vegetable Saps and Extracts; of Hops in Austria

Exports of vegetable saps and extracts; of hopses from Austria contracted dramatically to 50 kg in 2022, shrinking by -97.9% compared with the year before. Over the period under review, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 11,960% against the previous year. As a result, the exports reached the peak of 2.4 tons, and then declined rapidly in the following year.

In value terms, exports of vegetable saps and extracts; of hopses contracted rapidly to $2.8K in 2022. In general, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 6,768%. As a result, the exports attained the peak of $41K, and then dropped sharply in the following year.

Top Export Markets for Vegetable Saps and Extracts; of Hops from Austria in 2022:

1. India (25.0 kg)
2. Italy (21.0 kg)
3. Finland (4.0 kg)

Source: IndexBox Market Intelligence Platform